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848 S 16th Ave
Laurel, MS 39440
Retail Property For Sale
Investment Highlights
- NNN Lease/Zero Landlord Responsibilities
- Dollar General has a $48 Billion Market Cap: DG:NYSE
- High-visibility location on South 16th Street near major community amenities
- Dollar General has operated at this location since lease commencement in 2012, showing commitment to the site
- Over 16K Residents within a 3 Mile Radius
Executive Summary
Exclusive Realty is pleased to present this 9,026 square foot Dollar General store located in Laurel, Mississippi. The property has a NNN Lease, leaving Zero Landlord Responsibilities. The lease is corporately guaranteed by Dollar General, Inc., which holds a credit rating of “BBB” and this is classified as investment grade.
Dollar General has operated at this location since lease commencement in 2012, showing commitment to the site.
Dollar General has operated at this location since lease commencement in 2012, showing commitment to the site.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
B
Year Built
2011
Price
$1,111,964
Price Per SF
$123.20
Cap Rate
8.25%
NOI
$91,737
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.10 AC
Opportunity Zone
Yes
Frontage
185’ on 16th Ave
Property Taxes
| Parcel Number | 119K-12-05-002.41 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $68,534 |
Property Taxes
Parcel Number
119K-12-05-002.41
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$68,534
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